According to state attorney general Kathleen Kane, the Big 33 Scholarship Foundation used in excess of $260,000 in 2008 to pay off organization debts.

After completing the investigation, Kane revealed that a previous administration used $268,810 designated for scholarships to pay off various lines of credit and other debts. The report also found that the Big 33 failed to award promised scholarship money to recipients, didn't prevent people in the organization from misrepresenting the amount of money from ticket sales that would help fund the scholarships and kept inaccurate books and records to account for scholarship donations.

The administration that misused the scholarship funds is different from the current one.

In a statement, Big 33 executive director Dave Trimbur said, "the scholarship foundation took immediate action after it identified concerns with its administrative operations in 2007."

Also, according to a statement released on June 15 by the Big 33, the organization identified concerns with its administrative operations in 2007. Of the changes made following those concerns, was the hiring of John Greene as new executive director. But, after he resigned early in 2009, Trimbur stepped into the position.

While the Big 33 is not admitting its guilt, it has agreed to put an extra $5,000 in its endowment funds every year until the misused funds is paid off. With the amount that is owed, that could take over 50 years to pay off.

The organization also agreed to pay more than $15,000 to the attorney general's office for the cost of the investigation, along with court and attorney fees. If the Big 33 fails to meet the agreements, then the organization can be dissolved, according to the report.